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28 Hale St

4 Unit Apartment Building $1,100,000 ($275,000/Unit) 8.73% Cap Rate New Brunswick, NJ 08901

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Investment Highlights

In the Cook Campus, Rutgers Prime Location, Location, Location

Executive Summary

4 Units 2bdrm apartments. Located in Cook Campus of Rutgers University, Less than 5 minutes walk to the Campus. Property is fully renovated, Individiually metred for gas and electric. Sale is ASIS. No Inspection or Appraisal contingencies. All Inspections are are for the buyers knowledge purpose ONLY. Also look at 24 Hale street adjacent to 28 Hale street. Both of them sold together. You can find the listing details on Loopnet.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$96,000	$20.28
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$96,000	$20.28
Taxes	$14,559	$3.08
Operating Expenses	$7,250	$1.53
Total Expenses	$21,809	$4.61
Net Operating Income	$74,191	$15.67

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$96,000
Annual Per SF	$20.28

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$96,000
Annual Per SF	$20.28

Taxes
Annual	$14,559
Annual Per SF	$3.08

Operating Expenses
Annual	$7,250
Annual Per SF	$1.53

Total Expenses
Annual	$21,809
Annual Per SF	$4.61

Net Operating Income
Annual	$74,191
Annual Per SF	$15.67

Property Facts Under Contract

Price	$1,100,000	Building Class	C
Price Per Unit	$275,000	Lot Size	0.11 AC
Sale Type	Investment	Building Size	4,734 SF
Cap Rate	8.73%	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1940/2021
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,100,000
Price Per Unit	$275,000
Sale Type	Investment
Cap Rate	8.73%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.11 AC
Building Size	4,734 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1940/2021
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.